Reported 27 days ago
Microsoft reported a strong first fiscal quarter with earnings per share of $3.30 and revenue of $65.6 billion, surpassing analyst expectations. The cloud business was a key driver, with commercial cloud revenue reaching $38.9 billion. However, despite the positive results, Microsoft stock dropped 5% in early trading due to increasing competition in the AI space from companies like Amazon and Google. CEO Satya Nadella emphasized the ongoing transformation driven by AI across various business processes.
Source: YAHOO